To: Richard Poe
My question is: when they dump all these new bills into circulation do they remove an equal number of old bills? If not then doesn’t that cause inflation?
posted on 04/02/2008 7:58:11 PM PDT
(Me no bottom man. Me top man.)
The life of your average five dollar bill is under two years. When a bank gets a unfit bill they are required to return it to the federal reserve bank. They are then replaced with new bills. It is hard to imagine but I have seen twenty dollar bill delivered on a pallets by a forklift.
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